The Zhitong Finance App learned that US mortgage interest rates rose to their highest level in more than a year last week, adding another blow to the already sluggish property market. According to data released by the American Mortgage Bankers Association (MBA) on Wednesday, interest rates on 30-year mortgage contracts rose 12 basis points to 6.97% in the week ending September 11, the highest since May 2025.

The Zhitong Finance App learned that US mortgage interest rates rose to their highest level in more than a year last week, adding another blow to the already sluggish property market. According to data released by the American Mortgage Bankers Association (MBA) on Wednesday, interest rates on 30-year mortgage contracts rose 12 basis points to 6.97% in the week ending September 11, the highest since May 2025.